About your Search

20121112
20121112
STATION
MSNBC 6
MSNBCW 6
CNN 5
CNNW 5
CNBC 3
FBC 3
CSPAN 2
KNTV (NBC) 2
KPIX (CBS) 1
KTVU (FOX) 1
WBAL (NBC) 1
WRC 1
WUSA (CBS) 1
( more )
LANGUAGE
English 54
Search Results 0 to 49 of about 54 (some duplicates have been removed)
to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you examine the detail of this, last year they were close. they actually could have worked out some agreement and it blew up because of the president asking for more revenue and that was the limit for them. i think it is a moment of necessity to a certain extent. they can't avoid this now. chris: reporting challeng
refused to consider higher tax rates. timing is also a sticking point here. here is john boehner this weekend. >> 2013 should be the year to begin to solve our debt through tax reform and entitlement reform. together we should avert the fiscal cliff in a manner that ensures 2013 finally is that year. >> no accident, by the way, it was boehner who did the republican response to the president this weekend. the president holds the most leverage in the next two months, directly after the election and before tax rates expire. when the threat of a tax increase on the middle class hangs over the negotiations. republicans would like to try out the negotiations to see the political climate is better for them in the next congress. the big question is how much did the white house learn from the failed debt talk to 2011? will the president bypass leader ship and begin to try to deal directly with the republican senators who have sounded the most open to compromise. >> i think there is a deal. the ying and yang of this is we know there have to be revenues. look, i haven't met a wealthy republ
john boehner offered a compromise in week in which he says i am willing to put more revenue on to the table but with through closing deductions end gd loopholes not through raising rates. can you accept a compromise as part of the whole deal that doesn't raise the push tax rate on the wealthy? >> how much revenue are we going to generate as part of a balanced package. in their framework they assume the amount of revenue as if we started tax reform from a 39 percent rate. that is part of their built in assumption. i am all for doing tax reform. the issue is from what starting point. i think the bowl starting point which assumies that revenue fro 39 percent is the right way to go to get the mix they got in hitting their deficit reduction target. if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out stil
. >> paul: house speaker john boehner extends an olive branch, how much will they give >> the american welcome have spoken and they've reelected president obama and reelected a majority in the house of representatives. a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> that's house speaker john boehner vowing to work with president obama on the challenges facing the nation the first the fiscal cliff, a toxic combination of tax increases and automatic spending cuts especially in defense that could take effect january 1st. so, we pointed out in the last segment, republicans held the house with minimal losses despite a big democratic year. can boehner think, look, got as much mandate as the president? >> i think he should absolutely think that, paul. the president made clear, didn't really run on the second term agenda and didn't talk about it much. i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock
to be revenues as well. second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
. >> chris: let's talk about taxes that got most of the attention. congressman van hollen, john boehner offered a compromise this week where he said yes, i am willing to put more revenue on the table but through closing deductions, ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal that doesn't raise the bush tax rate on the wealthy? >> well, here is the issue. how much revenue are we going to generate part of a balanced package? i take my lead on this from simpson-bowles and their framework. in their framework, they assume the amount of revenue as if you started tax reform from a 3% rate. that is part -- 39% rate. that's part of their built-in assumption. i am all for doing tax reform. the issue is from what starting point. the simpson-bowles starting point which assumes the revenue from 39% is the right way to go to get the mix that they got in hitting their deficit reduction target. but look, if what the speaker boehner was saying is that he is truly willing to get what we consider congressional budget office revenue, we can work with
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
boehner challenging president obama to lead us. his first comments on the economy sense reelection, he ems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you know, this comes down to chime in. you have the fiscal cliff. what democrats want to do really -- what they want to do is use this
leadership, go to senate, deal over there and then come to boehner and box him in with a deal and present to it him. >> he also said that boehner may want that, too. boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today
he does certainly from the far right of his party. you saw boehner say that the party wants to be led. they want to be led as americans, not republicans. again, i think you have somebody like bill crystal who comes out and says republicans need to be more flexible in terms of talking about tax reform. i think norquist in that clip showed a real misreading of what the election was really about. i prish his use of the word -- >> an odd choice of words. >> poopy head. >> they got a thumping here. this is the first president since ronald reagan to win the popular vote in two consecutive elections. they're trying to deny his legitimacy still. >> not all. >> grover norquist is. >> and speaker boehner has said they're ready to be led. >> thank god for one reasonable person. >> he says he's the most reasonable. >> we'll see what happens in january, though. he has that radical right wing tea party caucus to deal with in the house. i want to see them come to grips with reality. >> great pleasure having you both on. as people continue to suffer in the wake of hurricane sandy, thousands are homel
not be surprised. even though the republican majority is a little smaller. and some of the people that boehner lost are moderates and the type of people that would want to cut deals. there may be people as the freshman move into leadership positions. jim langford is making a bid for the policy committee chairmanship, a springboard for a lot of people there seems to be a general calming down among some of the fire breathing. you know there is the potential for mischief on the floor. some of the news reported that the more conservative members of the republican party contemplated now the threshold for bringing down a bill is even smaller that they might not even vote for rules. that potential for mischief. and the people one term in that have now gone through a disappointing election. they have also seen that there are things that they can get done that perhaps they were not able to do in the middle of the debt crisis, making a negotiation. so the tone in the house, i would not be surprised if it racheted down a tiny bit. people are just with a little bit of experience and a few more gray hairs they
way to do this and a wrong way and speaker boehner was right that you have to have revenue on the table but that does not mean raising taxes. >> clearly we have the ability between now and the end of the year to not go off the cliff but we can't accept an unfair deal that piles all of this on the middle class and tells them they have to support it. >> now, of course there is room for compromise. raising taxes on the wealthy by closing loopholes instead of the tax rates, that maybe would please republicans on the democratic side maybe. they are saying you kind of are redefine wealth altogether so that maybe tack rates for those making half a million or a million dollars a year go up. we'll see how this goes, as you said, congress will be back tomorrow and there will be a big meeting at the white house on friday with the president. >> and what about the gang of eight, the four republicans and four democrats who have decided to get back to the hard negotiating? what can we make of them returning to the effort? >> you know what, they are all trying hard. they are going to have
uncertainty despite the president's comments and john boehner's comments. cheryl: we're looking at what we've been seeing over the last couple of months and you are saying kind of be prepared for that. a lot of the guests have come on and said you know, there's problems with earnings, but also you can't ignore that spike to the down side after the election. what did you make of all of that last week? what did you read into that? >> well, i mean, heading into the election, there was a lot of sentiment that the the market, the financial markets would have preferred a republican winner. cheryl: sure. fiscally more responsible if their view. -- in their view. >> correct. there's a few there's a lot of financial regulation presently and more to come. a lot of that at least from professional investors is probably where they were on wednesday. cheryl: they were waiting to see. >> i think that's going to settle off. i don't think you will see 300 point swings. you might see back again -- i'm quoting that period of july and august 2011, you could see 100, 150 on any given day, maybe a little bit ou
's debt crisis. but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them
seem to be moving closer to a key sticking point. >> speaker boehner seemed to suggest that he was open to closing loopholes, to real tax reform. can you get there by just closing loopholes, or will it take more than that? >> well, look, i don't want to prejudge the discussions. i think that the speaker's comments have been encouraging and there is obviously money to be gained by closing some of these, closing some of these loopholes and applying them to deficit reduction. there are a lot of ways to skin this cat. gregg: illinois congressman peter roskam joins us. he is on the house ways and means committee. he joins us from chicago. good to see you. house speaker boehner says he will oppose any increase in tax rates. and the white house said on friday, and i will read this directly, the president will veto any bill that includes an extension of the current tax rates for those earning more than $250,000 a year. so congressman, where is the come promize? >> i think the best predictor of future behavior is past behavior. we've heard this language coming from the white house before. we hea
boehner, basically had a deal in place, it ended up getting blown up at the last minute. i think there is a, perhaps, a new conciliation on both sides. i think they were waiting for the election to get over. i think the attitudes are positive on both sides. and i think they've got the framework for a deal already set up from last year. so i don't think that there are any closer but i also don't think they were that far away last year in 2011. >> do you think that closing the loopholes would be enough for a deficit reduction package? >> it doesn't appear that that's going to raise enough revenue to get to where the democrats want that to be. republicans say they don't want to raise rates. there are some -- there's some budget chicanery that can go on in terms of dealing with one baseline instead of another baseline. that's what it looked like boehner wanted to do last year. there are a lot of different options here. it's interesting, bill kristol from the weekly standard appeared to be talking to grover norquist, the anti-tax activist in those comments that he played earlier, talk
'll play their hand i think to their full advantage. >> what kind of hand does john boehner have? where sg it leave him and his ability to control the tea party wing? >> it actually puts skron boehner in a good position because during the debt ceiling talks last year, he had a lot of push back from the very far right of his party in the house. the tea party caucus, for example. this time around we won't see the same dynamic at all because the tea party caucus and far right have lost a lot of political capital in light of the election. so what we've already seen is speaker boehner talking to republicans in the house, putting his foot down early and saying we're not going to have that same push back we saw. instead, i'm going to tell you what we're going to do and what this deal is going to look like and you'll fall into line. >> he got criticism because he negotiated a deal and then went back and tried to sell to the party. does he naed to do he need to d way around, get a set position and then go into discussions? >> i think that is the thinking this time around. and he has certainly recog
of them is obamacare, as john boehner put it the other way, it's the law of the land. that means that businesses are going to be laying people off. that means that over eight million americans who are part time are going to continue to work part time until we see a real resurgence in this economy, certainly. because it's just not economical for the employer to move ahead. it's cheaper for them, in fact, to pay a $2,000 fine. imagine this, to pay $2,000 for an employee they didn't hire who they've hired and not put them on an employee-sponsored insurance plan. this is the exact reversefect of what we had, you know, been told would occur. but we should be used to that, because so much of the -- so many of the consequences have not been intended because they were never thought out by this congress, the previous congress. and we're looking at people saying it's partisanship. let me give you an example of why that's pure bull, shannon, many i fay. shannon: please do. >> one of the companies laying off people is a company called stryker, one of the medical device makers, one of the big
are stopping by. all leading up to the meeting on friday. john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases the top tax rate from 15 to 20%. meeting friday at the white house. back to you. lori: we know you will be there, rich. thank you. melissa: the president calling on congressional leaders to work together. congress has a voter mandate not to raise taxes. joining us now is steve moore from the "wall street journal." thank you for hopping on the phone to talk to us. i am really interested in the interview that you did. he said over the weekend "let me put it very clearly, i am not willing to turn off taxes for the sequester." >> one of the things that ca
if not paralyzed to get things done? the speaker boehner, mr. president, let's get some stuff going here, but how much of the responsibility lies with him? with speaker boehner, do you think? >> people want cooperation on both sides. the issue at hand will be the fiscal cliff and our budgetary situation. the president's put a proposal forward. it's incumbent on the speaker to say, what they would be willing to do and not simply say, it's not our responsibility. i think people expect everyone to live up to their responsibilities. and one thing that is clear as i moved around the country with the president is that they're hungry for that kind of cooperation. i hope that coming out of this election people will come with a renewed sense of cooperation. because it will take that to solve problems. let me just say one other thing, though, you mentioned that not much has changed. actually what is interesting is you have these super pacs spending literally billions of dollars to defeat the president and to defeat democrats running for congress. well, the president was re-elected. you have more democrats
speaker boehner tell it, republicans have to swallow their pride and just stay in line, and tea party said they made him speaker and better watch how he is speaks. >>guest: why don't we all talk about rather that who getting in line and who is cooperating with who, what is the best thing for our country? wouldn't it be nice to have a leader in washington who said, wait, it is not about just working together for a show but what is best for our country, and, neil, there are very hard decisions to be made and i don't think we should compromise on things that are not good for all of us in america. >>neil: you may feel that way struckly and i have admired the fact you stick to your guns no matter the crosswind but the president is going to claim, elections have consequences and it was close, but i won, and i won despite this call for higher taxes, maybe because of it, and the rich have to deal. you say, what? >>guest: well, i say, first, just because you win an election, that doesn't noon you get to go off the rails and do what is not good for america because you have some weird agenda. two, ta
boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >
with both speaker boehner and president obama coming out talkital talking about the fiscal cliff. this week we'll see a round of negotiations capped off by a meeting at the white house between congressional leaders and executive branch coming up on friday. where are they going to end up? there are a lot of solutions kicking around town. the final deal is probably going to end up looking like at least one of these different proposals. let me walk you through four of them here so you get a sense of where we might be headed starting with the simpson bowles plan. they would cap the mortgage industry deduction at $400,000. they would also tax capital gains and dividends as ordinary income and they would have the employer sponsored health care exclusion phased out. that would be a big tax increase there. another plan that's floating around out there, you would see mortgage interest deduction limited to $25,000 of interest. capital gains and dividends here also taxed as ordinary income and the state and local tax deduction would be repealed. the gang of six plan is another one that's kicking aroun
to december 29th and dictator obama forced this on us. is that the game mcconnell and boehner play here? >> i think they know that game won't play well. they have to play it. everyone has to take a sacrifice here, and when you do the numbers with america's finances to keep the entitlements entact, if slightly different from today, to keep social security intact and get the economy back and growing, everyone has to take a little bit of a hit, whether it's the private equity guy with his carried interest exclusion and the $750,000 home morn tax deduction, which is completely absurd. that doesn't help the middle class. they all have to happen. if everyone is -- you saw bob corker last week or over the weekend. there are a lot of sensible people out there. i think sensible minds will prevail. this is just a fiscal cliff. it pushes it off to july 4th to be patriotic with an agreement and framework to work towards a big deal. it is only this artificial construct we're talking about now. what we need to get for everybody to be happy and the markets to be happy and the chinese and the japanese and th
Search Results 0 to 49 of about 54 (some duplicates have been removed)